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195 Freight Street, Waterbury (Downtown), CT, 06702 | $2,099,000
Redevelopment opportunity for this 1. 82 acre property with a 34, 000sf former warehouse in the CBD zone of Downtown Waterbury. Some permitted uses are Retail, Dining, Multifamily, Mediical, Office, School, Daycare and Gym. Located across the street is a 20 acre parcel to be developed with the Work, Live, Play theme being promoted. There is a bicycle path now and plans and grants offered for economic development. Property is located on the newly paved Jackson Street and is 1/4 mile from the RT84 and RT8 mix master. The Metro North Train Station is a 2 minute walk. This property has two units to be leased. The social club in the center is currently leased. The two available spaces are a 12, 200sf space with 21ft ceilings and a loading dock on the right side for $6sf triple net and a 6, 000 sf space with 17ft ceilings and a loading dock on the left side available for lease at $7. 50sf triple net. Any tenants signing a two year lease are eligible for both of the city of Waterbury Grant Programs that will match up to $100, 000 for the build out and up to $100, 000 for equipment costs.
Features
- Town: Waterbury
- Current Use: social club, warehouse
- Permitted Use: Entertainment, retail, storage
- Utilities: Electric,Gas,Telephone,Cable
- Heating: Other
- Cooling: Central Air
- Zoning: CBD
- Frontage: Municipal Street
- Year Built: 1948
- Approx Sq. Feet: 34,200
- Est. Taxes: $28,119
- Lot Desc: Level Lot
- MLS#: 24009294
- Website: https://www.raveis.com
/prop/24009294/195freightstreet_waterbury_ct?source=qrflyer
Listing courtesy of Don Orsini Realty, LLC
William Raveis Family of Services
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888.699.8876
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Robert.Reade@raveis.com
Our Insurance Division:
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203.925.4590
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195 Freight Street, Waterbury (Downtown), CT, 06702
$2,099,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,679,200 | $1,679,200 | $1,679,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
| Monthly Tax Payment | $2,343 | $2,343 | $2,343 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,799 | $10,614 | $14,170 |
| Total Monthly Payment | $12,267 | $13,082 | $16,638 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524